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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 6,069 $ 5,836
Marketable securities 7,593 8,295
Accounts receivable, less allowances of $299 at March 31, 2020 and $322 at December 31, 2019 14,327 16,059
Inventories 17,050 15,580
Prepaid expenses 569 559
Other current assets 1,060 1,020
Total current assets 46,668 47,349
Marketable securities, long-term 15,187 12,168
Equipment and leasehold improvements, net 3,063 3,341
Intangible assets, net 280 310
Goodwill 1,366 1,366
Right-of-use assets (operating leases) 2,850 2,111
Trade notes receivable, long-term 876 962
Deferred tax assets 4,892 4,992
Total assets 75,182 72,599
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 8,192 7,023
Advance customer payments 548 499
Accrued expenses 2,559 2,572
Current operating lease liabilities 736 688
Total current liabilities 12,035 10,782
Other liabilities 204 202
Long-term operating lease liabilities 3,758 3,141
Reserve for income taxes 150 150
Total liabilities 16,147 14,275
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, no par value, 5,000,000 shares authorized, none outstanding 0 0
Common stock, no par value, 25,000,000 shares authorized, 7,164,654 shares issued and outstanding at March 31, 2020 and 7,154,591 shares issued and outstanding at December 31, 2019 37,016 36,659
Accumulated other comprehensive loss (1,896) (1,406)
Retained earnings 23,915 23,071
Total stockholders’ equity 59,035 58,324
Total liabilities and stockholders’ equity $ 75,182 $ 72,599